Tech Mar 5, 2023

Flutterwave Reassures Customers Following Report Of N2.9bn Hack

Flutterwave, the African fintech unicorn, reassures its customers that it has not been hacked after identifying an unusual trend of transactions on some users' profiles. The company confirms that no user lost any funds and outlines its security measures, including periodic audits, certifications, and licenses such as PCI-DSS and ISO 27001.

Tech Mar 5, 2023

Hackers Steal Over ₦2.9 Billion from Flutterwave Accounts

Flutterwave, an African fintech unicorn, experienced a hack attack where over ₦2.9 billion was illegally transferred from their accounts. Flutterwave's legal counsel filed a suit to freeze accounts in 27 Nigerian financial institutions, including Access Bank, Kuda, Zenith Bank, and OPay, to recover the stolen funds. It remains unclear how the hackers bypassed Flutterwave's security, and customers are waiting for an official statement from the company.